Cauldron Energy (CXU) Q2 2025 TU earnings summary

Executive summary

• Completed CY2024 air-core drilling at Yanrey Uranium Project, focusing on Manyingee South (Target 15), defining near-surface uranium mineralisation over 3km, open in multiple directions.

• Drilled 145 holes for 14,813.5m across Yanrey, including Bennet Well and initial reconnaissance at Target 14.

• Heritage clearance advanced, enabling future drilling, with strong support from local Aboriginal corporation.

• Raised $4.024 million via Placement and Entitlements Offer, increasing cash at bank to $1.357m as of 31 December 2024.

• Appointed Michael Wells as non-executive Director and held AGM with all resolutions approved.

Financial highlights

• Cash at bank increased to $1.357m at quarter end, up from $0.588m in September 2024.

• $4.024 million raised before costs through equity placement and entitlements offer.

• Exploration expenditure for the quarter was $2.245m, mainly on drilling and associated costs.

• Net cash used in operating activities for the quarter was $2.774m.

Outlook and guidance

• Further heritage clearance and drilling planned for Manyingee South and other untested palaeochannels in 2025.

• Exploration at Target 14 to continue, focusing on areas north of current drilling.

• Board anticipates continued access to funding based on shareholder support.